Trend Research has completed its liquidation process, incurring a final loss of approximately $734 million on Ethereum (ETH) trades. The firm initially entered a long position of 231,000 ETH at an average price of $2,667, closing it at $4,027, which resulted in a profit of $315 million. However, a subsequent long position of 651,500 ETH at an average price of $3,180 was closed at $2,053, leading to the substantial loss. Despite the significant losses on ETH, Trend Research reportedly did not suffer an overall financial loss. Profits from other cryptocurrency investments, such as WLFI and FORM, helped offset the ETH losses, allowing the fund to maintain its financial standing by recouping previous gains.